Toronto stocks moved marginally higher Friday, ahead of a long holiday weekend, as continued strength in the resource sectors overshadowed weakness in financial stocks.

The S&P/TSX composite index gained 4.63 points, or 0.03%, to 14,105.34.

The benchmark index is up 0.7% on the week, and up 9.3 percent so far this year.

The senior exchange will be closed Monday for the Victoria Day holiday.

Six of the 10 TSX main sub-groups were down.

The energy index moved up 0.72%.

Husky Energy Inc. moved up 28¢, or 0.31%, to $90.28.

Crude oil futures rose 8¢ to close at US$64.94 a barrel.

The materials index gained 0.44%, while the gold sub-index gained 0.87%.

Gold futures rose $4.80 to US$662.0 an ounce.

Kinross Gold Corp. moved up 9¢, or 0.63%, to $14.27.

The financials index fell 0.54%.

Bank of Montreal dipped 31¢, or 0.45%, to $69.09.

The S&P/TSX Venture Exchange index gained 43.05 points, or 1.33%, to 3,279.60.

The Canadian dollar continued its torrid rise, finishing up 0.77 of a cent to US91.79¢, its highest close since the fall of 1977.

In New York, markets rallied on mergers and acquisitions.

The Dow Jones industrial average moved up 79.81, or 0.59%, to 13,556.53, a fresh all-time high.


The Nasdaq composite index gained 19.07, or 0.75%, to 2,558.45, and the S&P500 gained 10.00, or 0.66%, to 1,522.75.

The Dow’s record high close is its 24th this year. During the session, the Dow hit an intraday high of 13,558.48.

For the week, the Dow gained 1.7% and the S&P 500 rose 1.1%, while the Nasdaq slipped 0.2%.